Effective immediately, Vince McMahon has been reinstated to the WWE Board of Directors.
Vince McMahon joins Michelle Wilson and George Barrios to the Board. Wilson and Barrios are also the co-founders and Co CEOs of Isos Capital Management. McMahon now expects to become the Executive Chairman of WWE’s board.
This move will help in a unified decision-making process for WWE’s media rights negotiations. McMahon reportedly communicated to the board that he won’t accept any media-rights deal or sale unless he has direct involvement from the outset.
Last year McMahon suddenly announced his retirement from WWE on Twitter while he was under investigation for paying multiple women to keep quiet about alleged sexual affairs. The WWE has disclosed multiple expenses totaling $19.6 million, which forced the company to revise its financial statements for 2019, 2020 and 2021.
